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Tivan Limited
(Sydney:TVN)
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Rating:45Neutral
Price Target:
AU$0.18
â–Ľ(-23.48% Downside)
Action:Reiterated
Date:10/01/26
The score is held down primarily by weak financial performance (ongoing losses, zero/volatile revenue, and sustained cash burn). Technicals reinforce the risk with a clear downtrend (below major moving averages and negative MACD), while valuation offers limited support because losses make P/E less meaningful and no dividend yield is available.
Positive Factors
Low leverage
Very low leverage relative to equity reduces near-term solvency pressure and preserves financial flexibility while projects progress. A less debt-heavy capital structure can help the company absorb development delays and consider funding options without immediate refinancing strain.
Negative Factors
Persistent losses and unstable revenue
Persistent losses, minimal and volatile revenue, and zero revenue in the latest year show that the current business has not established a stable earnings base. The sharply larger 2026 loss versus 2025 also indicates that scale and operating leverage remain unresolved.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low leverage relative to equity reduces near-term solvency pressure and preserves financial flexibility while projects progress. A less debt-heavy capital structure can help the company absorb development delays and consider funding options without immediate refinancing strain.
Read all positive factors
Tivan Limited (TVN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$446.02M
Dividend YieldN/A
Average Volume (3M)1.70M
Price to Earnings (P/E)―
Beta (1Y)1.49
Revenue GrowthN/A
EPS Growth-146.15%
CountryAU
Employees3
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,347,487,300
10 Day Avg. Volume1,649,117
30 Day Avg. Volume1,704,364
Financial Highlights & Ratios
PEG Ratio-0.32
Price to Book (P/B)11.35
Price to Sales (P/S)0.00
P/FCF Ratio-71.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tivan Limited Business Overview & Revenue Model
Company Description
Tivan Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties in Australia. It explores for critical mineral, fluorite, vanadium, titanium, silver, lead, copper, tungsten, and lithium ...
How the Company Makes Money
TVN’s expected revenue model is primarily tied to commercializing its resource projects, typically through (a) selling produced commodities (e.g., concentrate or processed product) once a project is financed, built, and operating; and/or (b) monet...
Tivan Limited Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
67
Positive
Cash Flow
28
Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 69.00K | 0.00 | 75.00K | 0.00 |
| Gross Profit | -504.00K | 69.00K | -523.00K | -405.00K | -342.00K |
| EBITDA | -14.16M | -6.76M | -62.44M | -6.59M | -4.54M |
| Net Income | -14.24M | -4.91M | -67.83M | -7.08M | -4.89M |
Balance Sheet | |||||
| Total Assets | 93.54M | 43.74M | 27.65M | 81.52M | 73.40M |
| Cash, Cash Equivalents and Short-Term Investments | 20.67M | 6.46M | 378.00K | 1.30M | 14.64M |
| Total Debt | 628.00K | 666.00K | 3.57M | 212.00K | 111.00K |
| Total Liabilities | 14.66M | 4.96M | 13.82M | 9.59M | 2.55M |
| Stockholders Equity | 57.70M | 38.79M | 13.83M | 71.92M | 70.85M |
Cash Flow | |||||
| Free Cash Flow | -9.22M | -13.29M | -8.71M | -12.38M | -8.61M |
| Operating Cash Flow | -4.90M | -4.74M | -4.32M | -4.79M | -3.26M |
| Investing Cash Flow | -6.94M | -13.71M | -8.31M | -8.28M | -5.38M |
| Financing Cash Flow | 26.06M | 24.53M | 11.71M | -76.00K | 11.65M |
Tivan Limited Technical Analysis
Negative
0.23
Price Trends
0.22
Negative
0.26
Negative
0.30
Negative
Market Momentum
>-0.01
Negative
42.34
Neutral
61.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TVN, the sentiment is Negative. The current price of 0.23 is above the 20-day moving average (MA) of 0.19, above the 50-day MA of 0.22, and below the 200-day MA of 0.30, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.34 is Neutral, neither overbought nor oversold. The STOCH value of 61.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TVN.
Tivan Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
45 Neutral | AU$446.02M | -29.69 | -25.67% | ― | ― | -146.15% | |
45 Neutral | AU$22.77M | -2.86 | -43.52% | 26.19% | ― | 76.51% | |
44 Neutral | AU$160.21M | -0.52 | -46.99% | ― | 234.01% | 8.57% | |
44 Neutral | AU$109.84M | -54.76 | -4.69% | ― | ― | 57.27% | |
44 Neutral | AU$117.51M | -5.67 | -42.02% | ― | 89.07% | -4.10% | |
42 Neutral | AU$112.19M | -25.00 | -36.73% | ― | ― | 9.86% |
* Basic Materials Sector Average
AU:TVN
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Tivan Limited Corporate Events
Tivan to Host Online Investor Briefing on 2H 2026 Outlook
Sep 30, 2026
Tivan Limited has scheduled an online investor briefing for Wednesday, 30 September 2026, at 4:30 p.m. AEST, to be hosted by Executive Chairman Grant Wilson. The session will update shareholders on recent corporate developments and outline the com...
Tivan Files Updated Corporate Governance Statement with ASX
Sep 27, 2026
Tivan Limited has lodged its latest corporate governance statement for the financial year ended 30 June 2026, confirming compliance with ASX Listing Rule requirements. The company has made this statement available on its website, detailing how it ...
Tivan Tightens Incentive Plan Around Key Project Milestones
Sep 25, 2026
Tivan Limited has refreshed its firmwide Awards Plan to tighten alignment between management and shareholder outcomes as it enters a new phase of corporate development. The revised framework shifts future performance rights away from tenure-based ...
Tivan Secures Key Approvals for Historic Copper-Gold Drilling in Timor-Leste
Sep 24, 2026
Tivan Limited (ASX: TVN) is a mineral exploration company focused on copper-gold opportunities in Timor-Leste. Its Baucau Project, located about 123 kilometres east of Dili, now comprises three concessions, including recent expansion of ZB004 to c...
Tivan Sets Date and Nomination Deadline for 2026 AGM
Sep 22, 2026
Tivan Limited has scheduled its 2026 Annual General Meeting for 18 November in Melbourne, setting out logistical details for shareholders, including time, venue, and registration arrangements for in-person attendance. The company also confirmed ke...
Tivan Apologises for Heritage Breach and Resets Ties at Speewah Fluorite Project
Sep 22, 2026
Tivan Limited has publicly apologised to the Nganjuwarr Native Title Holders for unintentional breaches of a Heritage Protection Agreement during its 2025 exploration program at the Speewah Fluorite project. The company acknowledged shortcomings i...
Tivan Sets Investor Briefing Ahead of Japan and Europe Roadshow
Sep 17, 2026
Tivan Limited has scheduled an online investor briefing for 30 September, to be hosted by Executive Chairman Grant Wilson ahead of his investor-focused travel to Japan and Europe in October. The session aims to provide updates on the company’...
Tivan Nears Completion of Major Drilling Program at Speewah Fluorite Project
Sep 17, 2026
Tivan Limited is nearing completion of a two-year, roughly 37,000-metre drilling campaign at its Speewah Fluorite Project in Western Australia, having drilled 12,809 metres so far in 2026 and planning an additional 1,275 metres in the coming month...
Tivan expands Timor-Leste Baucau Project with major licence enlargement
Sep 14, 2026
Tivan has secured government approval in Timor-Leste to enlarge its Baucau Project exploration licence MEL2023-CA-ZB004, adding about 50 square kilometres of ground immediately east of its existing concession. The expanded area includes a 2.5km by...
Tivan expands Turiscai copper-gold footprint with new Timor-Leste licence
Sep 13, 2026
Tivan Limited has secured a new Exploration and Evaluation License, MEL2025-CA-ZC004, immediately north of its existing Turiscai Project in Timor-Leste, following a competitive tender run by the National Mineral Authority. The licence, covering ab...
Tivan Issues Shares to Molyhil Vendors and Clears On-Sale Under Corporations Act
Sep 10, 2026
Tivan Limited has issued 3,837,383 fully paid ordinary shares to the vendors of the Molyhil Project as part consideration for the first anniversary payment under its acquisition terms. The move reflects ongoing fulfilment of its obligations on the...
Tivan Limited Seeks ASX Quotation for 3.8 Million New Shares
Sep 10, 2026
Tivan Limited has applied for quotation of 3,837,383 ordinary fully paid shares on the Australian Securities Exchange, under its existing issuer code TVN. The shares are scheduled to be issued and commence quotation on 11 September 2026, in line w...
Tivan completes first deferred payment for Molyhil Tungsten acquisition
Sep 10, 2026
Tivan Limited has completed the first deferred payment under its $8.75 million acquisition of the Molyhil Tungsten Project in the Northern Territory, paying $875,000 in cash and issuing $875,000 worth of shares to vendors Investigator Silver Limit...
Tivan Wins Final Approvals for Major Drilling Push at Molyhil Tungsten Project
Sep 10, 2026
Tivan Limited has secured final regulatory and cultural heritage approvals for an 8,000m Stage 2 drilling program at its 100%-owned Molyhil Tungsten Project in the Northern Territory, clearing the way for detailed planning and mobilisation. The mu...
Tivan Issues Shares on Performance Rights Conversion and Lodges Cleansing Notice
Sep 7, 2026
Tivan Limited has issued 7.5 million fully paid ordinary shares following the conversion of 1.5 million Class E Performance Rights held by executive Grant Wilson. The issuance converts performance-based entitlements into tradable equity, modestly ...
Tivan Director Boosts Equity Stake After Performance Rights Vesting
Sep 7, 2026
Tivan Limited has disclosed changes in the equity holdings of director Grant Francis Wilson, including direct and indirect interests held through several associated entities. The notice details ordinary shares, executive chair options, and multipl...
Tivan Seeks ASX Quotation for 7.5 Million New Shares
Sep 7, 2026
Tivan Limited has lodged an application with the ASX for quotation of 7,500,000 new ordinary fully paid shares under the ticker TVN. The securities are dated 7 September 2026, indicating a fresh issuance that modestly expands the company’s l...
Tivan flags high-grade copper-gold finds in underexplored Timor-Leste
Sep 6, 2026
Tivan Limited has reported bulk assay results from surface sampling at its Baucau, Ossu and Turiscai projects in Timor-Leste, confirming high-grade copper and gold mineralisation across multiple prospects. Rock chip assays returned copper grades u...
Tivan Highlights NT Resources Week Presentation to Investors
Sep 4, 2026
Tivan Limited has announced that its Chief Development Officer and Executive Director, Dr Ellin Lede, delivered a presentation at the NT Resources Week conference held on 2 September 2026. The company has released the accompanying slide deck to th...
Tivan Establishes New Darwin Headquarters to Anchor Northern Portfolio
Sep 4, 2026
Tivan Limited, an ASX-listed resources company, has established Darwin as its central coordination hub for projects ranging from the Speewah Fluorite Project in Western Australia to Central Australian ventures in the Northern Territory and operati...
Tivan director increases ordinary shareholding after performance rights vesting
Sep 1, 2026
Tivan Limited has disclosed a change in the equity holdings of director Grant Francis Wilson, reflecting both direct and indirect interests across several related entities. The update details adjustments in ordinary shares, executive chair options...
Tivan Drilling Confirms High-Grade Fluorite at Sandover Project
Aug 31, 2026
Tivan Limited has reported broad intersections of high-grade fluorite mineralisation from its Stage Two reverse circulation drilling program at the Sandover Fluorite Project in the Northern Territory. All 58 holes intersected fluorite, with stando...
Tivan Director Increases Shareholding Through Performance Rights Conversion
Aug 31, 2026
Tivan Limited has disclosed a change in director Grant Francis Wilson’s interests following the conversion of Class E Performance Rights into ordinary shares at no cash consideration. The transaction increased Wilson’s direct and indir...
Tivan Seeks ASX Quotation for 8.8 Million New Shares
Aug 31, 2026
Tivan Limited has applied to the ASX for quotation of 8,833,334 new ordinary fully paid shares, with an issue date of August 31, 2026. The securities have been issued as a result of the exercise or conversion of existing options or other convertib...
Tivan launches major drone magnetic survey over Timor-Leste copper-gold projects
Aug 26, 2026
Tivan Limited has begun a large-scale UAV drone magnetic survey over about 57 square kilometres at its Turiscai and Baucau copper-gold projects in Timor-Leste. The company is targeting porphyry and volcanogenic massive sulphide deposits in an unde...
Tivan Wins Final Approvals for Maiden Drilling at Walshy’s Wall
Aug 25, 2026
Tivan Limited has secured final regulatory and heritage approvals to launch a maiden drilling program at Walshy’s Wall, a manganese-barite gossan within its Sandover Fluorite Project northeast of Alice Springs. The site has returned high-gra...
Tivan Plans New Share Placement on ASX
Aug 19, 2026
Tivan Limited has notified the ASX of a proposed issue of up to 949,552 ordinary fully paid shares, to be conducted as a placement or similar capital-raising transaction. The new securities are intended to be quoted on the Australian Securities Ex...
Tivan Secures Option to Expand Baucau Footprint in Timor-Leste
Aug 19, 2026
Tivan Limited has secured an option to acquire 100% of an exploration and evaluation license adjoining its Baucau Project in Timor-Leste, covering 48km² considered highly prospective for base metals. The deal, struck via a binding term sheet ...
Tivan Seeks ASX Quotation for 1.35 Million New Shares
Aug 17, 2026
Tivan Limited has applied for the quotation of 1,345,928 new fully paid ordinary shares on the Australian Securities Exchange, with an issue date of 17 August 2026. The additional shares arise from the exercise or conversion of existing options or...
Tivan deepens East Kimberley engagement with community forums on Speewah project
Aug 17, 2026
Tivan Limited has stepped up community engagement in Western Australia’s East Kimberley, hosting forums in Wyndham and Kununurra as well as an open day at its Kununurra office to update residents on progress at the Speewah Fluorite Project. ...
Tivan Secures Further $3m IPCM Funding for Speewah Fluorite Study
Aug 11, 2026
Japan Australia Fluorite Associates, the owner of Tivan Limited’s Speewah Fluorite Project in Western Australia, has received a further $3 million tranche of funding under the Australian Government’s International Partnerships in Criti...
Tivan strengthens executive ranks ahead of key project deliveries
Jul 21, 2026
Tivan Limited has formed a new Executive Team led by Executive Chairman Grant Wilson to drive project execution of its Speewah Fluorite and Molyhil Tungsten projects and boost firmwide productivity. The team includes newly appointed Chief Executiv...
Tivan Raises $9.6m Through Underwritten Option Share Issue
Jul 7, 2026
Tivan Limited has issued 31,964,736 fully paid ordinary shares following the expiry of its listed TVNO options, under an underwriting agreement with Evolution Capital to backstop up to $10 million of unexercised options. The placement, priced at $...
Tivan Seeks ASX Quotation for 31.9 Million New Shares
Jul 7, 2026
Tivan Limited has applied to the ASX for quotation of 31,964,736 new ordinary fully paid shares, to be issued on 8 July 2026 under its existing securities program. The application, lodged as an Appendix 2A, formalises the admission of these securi...
Tivan scraps conditional placement after option shortfall
Jul 7, 2026
Tivan Limited has updated its previously announced proposed securities placement, informing the market that a conditional placement will now not proceed. The decision stems from an option exercise shortfall that exceeded AUD5 million, triggering c...
Tivan Announces Vesting of More Than 10 Million Performance Rights
Jul 6, 2026
Tivan Limited has confirmed that 10,333,348 Class B Performance Rights granted to employees and certain directors under its Awards Plan vested on 1 July 2026 and may be exercised into ordinary shares until 31 December 2026. The company will notify...
Tivan director Guy Debelle reshapes equity holdings through option exercise
Jul 2, 2026
Tivan Limited has reported changes to director Guy Debelle’s interests in the company’s securities, reflecting an adjustment in his equity exposure. The update details movements among ordinary shares, bonus options, TVNO instruments an...
Tivan Director Adjusts Equity Holdings Through Option Exercise
Jul 2, 2026
Tivan Limited has disclosed a change in director Christine Charles’ interests in the company’s securities, following the exercise of bonus options and the expiry of TVNO instruments. Her holding of ordinary shares increased from 347,22...
Tivan director Grant Wilson updates ASX on expiry of 10 million TVNO securities
Jul 2, 2026
Tivan Limited has reported a change in the indirect interests of director Grant Francis Wilson, detailing adjustments to his holdings through various associated entities. The disclosure notes the expiry and consequent disposal of 10,000,000 TVNO s...
Tivan Limited Seeks ASX Quotation for Additional Ordinary Shares
Jul 2, 2026
Tivan Limited has lodged an application with the ASX for the quotation of 552,560 ordinary fully paid shares under its existing ticker TVN, with an issue date of July 2, 2026. The move reflects routine capital management activity and slightly incr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.